The price of an Orange County detached home in January slightly fell from December, and now stands 1.5% below the median price seen a year ago, the California Association of Realtors said Tuesday.
The median price for an existing, detached home sold here in January was $688,610, down 0.6%,or $4,370,from December, according to the association.
January’s median price is 5.9% off from the county’s record high of $729,370, set in April.
The pace of local home sales last month saw another decrease, dropping 23.2% from December. Sales are down 14% from a year ago.
The realtor association excludes condominiums from its figures.
Including condos, the median price of a home sold here was $600,000 in January, unchanged from a year ago, and off 6.6% from the county record median price of $642,500, set in June, according to La Jolla-based market tracker DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The statewide January median price of a detached California home was $559,640, a 1.9% increase from a year ago, but a 1.7% decrease from December, the California Association of Realtors said.
Statewide sales were down 12.6% in January from a year ago.
The median number of days it took to sell a single-family home in California was 75 in January, an increase of 2 days from a month ago, and up 27 days from a year ago.
Among OC cities, Yorba Linda was the priciest in the state in January, at $819,000.
